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Eight Reasons Startup Incubators Are Better Than Business School

March 11, 2014

Let’s get this straight: If you want to work at Goldman Sachs, McKinsey or General Electric GE -0.88%, an MBA is a handy scrap of paper.

But if you’d prefer to bypass the corporate ladder and actually build something of your own, spending upwards of $140,000 and two years without pay is just about the worst way to go about it. Because looming outside those classroom walls is a creature far less merciful than any b-school professor: the market. Customers, you may be surprised to find, don’t give a damn about your degree—and the market will fire you faster than any ungrateful boss.

Want to take the plunge but need a bit of guidance and support? Applying to a so-called startup incubator may be a far better option than business school.

Business incubators have been around since the 1950s. Typically attached to universities, these entities offered a proving ground, with back-office resources, for fledgling entrepreneurs.

Read the entire article here.

 

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